Nikkei 225 · September 10, 1990
A big day close to the bottom
+4.67%
single-day change vs previous close
Part of a longer stretch
The bubble's first leg down
near the end of it · 1989-12-29 → 1990-10-01, -48.04% over the whole period
What happened that day?
- On 10 September 1990 the Nikkei 225 rose 4.67%
- Moves of three to five percent a day had become routine
- Volatility grows as a slide nears its end, because the people still in it disagree more sharply
- The low came three weeks later on 1 October, 48.04% below the peak
- No single trigger can be pinned to this day
- In this stretch the index was 39.08% below its peak
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.